Lead Story Picture
A jury has found Dewey executives Steven Davis, Stephen DiCarmine and Joel Sanders not guilty of multiple counts of falsifying business records, but has not reached a verdict on other charges. (Credit: Law360)

Dewey Execs Acquitted On Some Charges, Jury Stuck On Others

A New York state jury on Wednesday acquitted three former Dewey & LeBoeuf LLP executives of falsifying business records and deadlocked on grand larceny, fraud and other counts in the closely watched criminal trial over the firm's collapse.

  • FINRA Bans Firm, CEO Over Cancer Drug Kickback Scheme

    The Financial Industry Regulatory Authority said Wednesday that it ousted New York-based Halcyon Cabot Partners Ltd. and two of its executives from the securities industry over allegations of widespread fraud, kickbacks and other violations, including a scheme involving a cancer drug development company.

  • Immigrants Lose Bid To Hold Gov't To Original Green Card Dates

    A Washington federal court denied a bid by a group of high-skilled immigrants for a temporary restraining order that would have forced the government to accept green card applications from people who would have been eligible to submit them before the rules changed two weeks ago, finding they hadn’t met key requirements for such an order.

  • Anheuser-Busch Makes $100B Play For Rival SABMiller

    Anheuser-Busch InBev, the world’s largest brewer, finally made its first public offer for SABMiller on Wednesday, offering £65.2 billion ($99.8 billion) in a revised bid that was quickly spurned by SABMiller for undervaluing the brewer’s “unique and unmatched footprint.”

  • High Court Won't Stay DOL Wage Rule For Home Care Workers

    The U.S. Supreme Court on Tuesday refused to stay the D.C. Circuit's recent revival of a U.S. Department of Labor rule extending Fair Labor Standards Act protections to most home care workers, paving the path for them to qualify for minimum wages and overtime.

  • High Court Seeks Its Proper Role In DirecTV Arbitration Row

    Several U.S. Supreme Court justices took a dim view Tuesday of a California appeals court’s refusal to send a consumer class action over DirecTV's early termination fees to arbitration, but experts said the justices' questions show a high court grappling with how to balance the federal push for arbitration with states’ rights to interpret contracts.

  • Fifth Third Bank To Pay $85M Over Defunct Mortgage Loans

    Fifth Third Bancorp and its subsidiaries have agreed to pay the government $85 million to settle a False Claims Act suit alleging the bank failed to tell the U.S. Department of Housing and Urban Development that it issued nearly 1,500 materially defunct residential mortgage loans, the U.S. Department of Justice announced Tuesday.